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With a market cap of $41.9 billion, Garmin Ltd. (GRMN) is a global leader in GPS-based navigation and communication technology. The company designs, manufactures, and markets a wide range of wireless and GPS-enabled devices across five key segments: Outdoor, Fitness, Marine, Auto, and Aviation.
The Schaffhausen, Switzerland-based company is expected to announce its fiscal Q2 2025 earnings results before the market opens on Wednesday, Jul. 30. Ahead of this event, analysts expect Garmin to report an adjusted EPS of $1.95, up 23.4% from $1.58 in the year-ago quarter. It has surpassed Wall Street's earnings estimates in three of the last quarters while missing on another occasion.
For fiscal 2025, analysts expect the maker of personal navigation devices to report an adjusted EPS of $7.99, an increase of 8.1% from $7.39 in fiscal 2024.
Shares of Garmin have climbed 33.3% over the past 52 weeks, outpacing both the S&P 500 Index's ($SPX) 11.5% gain and the Consumer Discretionary Select Sector SPDR Fund's (XLY) 15.6% return over the period.
Shares of Garmin tumbled 8.4% on Apr. 30 after the company posted Q1 2025 revenue of $1.5 billion and adjusted EPS of $1.61, short of analysts’ forecasts. While Garmin raised full-year revenue guidance and reported 11% revenue growth with 13% profit growth year-over-year, it did not raise net income guidance due to an expected $100 million in added costs from tariffs, pressuring profit margins. Additionally, about 25% of its U.S. sales come from products made abroad, primarily Taiwan, making the business vulnerable if temporary tariff exemptions are not extended.
Analysts' consensus view on Garmin’s stock is cautious, with a "Hold" rating overall. Among six analysts covering the stock, one has a "Strong Buy," two indicate “Hold,” one advises "Moderate Sell," and two give "Strong Sell." As of writing, the stock is trading above the average analyst price target of $199.80.
